Melina Boneva - ClimaSouth Clima EU policy CO2.pdf · Melina Boneva Unit Strategy and Economic...
Transcript of Melina Boneva - ClimaSouth Clima EU policy CO2.pdf · Melina Boneva Unit Strategy and Economic...
Climate Action
Melina BonevaUnit Strategy and Economic
AssessmentDG CLIMA
Climate Action
Climate and energy: where do we stand?
Climate Action
On-going consultations among EU institutions, Member States and stakeholders
2020 package
2050 roadmap
2030 Stakeholderconsultation
2030 frameworkproposal
European Council
Conclusions
Implementinglegislation
2008 2011 2013Mar -Jul
2014Jan
2014Oct
Preparation and decision-making process
Climate Action
Agreed headline targets by the European Council2030 Climate and Energy Framework
2020
2030
New governance system + indicators
-20 % Greenhouse
Gas Emissions
20% Renewable
Energy
20 % Energy
Efficiency
- 40 % Greenhouse Gas
Emissions
27 % Renewable
Energy
27% Energy
Efficiency
15 % Interconnection
10 % Interconnection
Climate Action
Emission reductions in ETS and non-ETS
Climate Action
The European carbon market after 2020Well-functioning reformed EU ETS as the main instrument
Cap to decline with 2.2 % from 2021 onwards
Free allocation to prevent carbon leakage continued
Redistribution: 90 % among all 28 Member States / 10 % among lower income Member States
Innovation fund created ("NER400")
Modernization fund set up
Climate Action
Guidance for determining non-ETS targets
Member State targets between 0% and -40%
Maintain current methodology, update GDP data
Member States with GDP/capita above EU average: targets adjusted with cost effectiveness
Enhanced flexibility to ensure cost efficiency, incl. new flexibility subject to several constraints
Possibility to convert limited number of allowances for auctioning in EU ETS into non-ETS emission budgets
Climate Action
ec.europa.eu/energy/2030ec.europa.eu/clima/policies/2030